Lion Capital is understood to have scrapped its plans to float noodle bar Wagamama in favour of a sale of the business. Lion Capital has received written confirmation from a number of interested parties offering to pay more than the IPO's £225m target valuation from which investors are believed to be shying away. This news could have implications for Phoenix Equity Partners' planned £100m listing of its portfolio restaurant chain Gaucho.
Debtwire and Creditflux examine the way direct lenders reacted to pandemic-related upheaval and how the industry looks set to bounce back
Fund complements PAI's existing large-cap strategy with the aim of targeting mid-sized companies across Europe
Fund invests in European digital platforms and marketplaces, targeting pre-seed and seed rounds
Management team is led by Chris Shaw who was appointed as chief executive in September 2017